Bulletin from the Extraordinary General Meeting in Cinis Fertilizer AB
Cinis Fertilizer AB, reg. no 559154-0322 (the “Company”), held an extraordinary general meeting today. The extraordinary general meeting was held by physical presence of shareholders and with the option for shareholders to exercise their voting rights by advance voting (postal voting). The extraordinary general meeting in Cinis Fertilizer AB resolved the following:
Resolution on implementation of incentive program 2023/2026:1, directed issue of warrants and approval of transfer of warrants to fulfil the Company’s commitments under the incentive program
The extraordinary general meeting resolved, in accordance with the proposal from shareholders representing approximately 55.7 percent of the shares and the votes in the Company (the “Shareholders”), on the establishment of an incentive program (2023/2026:2), directed issue of warrants and approval of transfer of warrants to fulfil the Company’s commitments under the incentive program.
The incentive program includes up to 300,000 warrants and the right to participate shall be granted the Company’s chief operating officer (Roger Svensk) and the Company’s not yet recruited site manager (who is intended to be recruited shortly). Each warrant shall entitle the participants to subscribe for one new share in the Company at a subscription price corresponding to SEK 80 per share.
The warrants may be exercised to subscribe for new shares during the period from and including the date of the registration of the warrants with the Swedish Companies Registration Office up to and including 31 October 2026.
To secure the Company’s delivery of warrants under the incentive program, the extraordinary general meeting resolved, in accordance with the proposal from the board of directors, on a directed issue of warrants to the Company, and to approve the transfer of warrants to participants in the incentive program.
The purposes of the incentive program are to stimulate shareholding in the Company by virtue of an incentive program through which employees can take part of and contribute to a positive value increase of the Company’s share during the period of the proposed program, and that the Company shall be able to retain and recruit competent and dedicated staff.
Upon full exercise of all warrants, 300,000 new shares can be issued, which corresponds to a dilution of approximately 0.41 percent of the total number of shares and votes in the Company.
Resolution on implementation of incentive program 2023/2026:2, directed issue of warrants and approval of transfer of warrants to fulfil the Company’s commitments under the incentive program
The extraordinary general meeting resolved, in accordance with the proposal from shareholders representing approximately 55.7 percent of the shares and the votes in the Company (the “Shareholders”), on the establishment of an incentive program (2023/2026:2), directed issue of warrants and approval of transfer of warrants to fulfil the Company’s commitments under the incentive program.
The incentive program includes up to 200,000 warrants and the right to participate shall be granted the board member Anna-Maria Tuominen-Reini. Each warrant shall entitle the participant to subscribe for one new share in the Company at a subscription price corresponding to SEK 80 per share.
The warrants may be exercised to subscribe for new shares during the period from and including the date of the registration of the warrants with the Swedish Companies Registration Office up to and including 31 October 2026.
To secure the Company’s delivery of warrants under the incentive program, the extraordinary general meeting resolved, in accordance with the proposal from the Shareholders, on a directed issue of warrants to the Company, and to approve the transfer of warrants to the participant in the incentive program.
The purpose of the incentive program is to stimulate shareholding in the Company by virtue of an incentive program through which the board member can take part of and contribute to a positive value increase of the Company’s share during the period of the proposed program.
Upon full exercise of all warrants, 200,000 new shares can be issued, which corresponds to a dilution of approximately 0.28 percent of the total number of shares and votes in the Company.
For more information, please contact:
Anders Antonsson, Acting IR and Communications Manager Cinis Fertilizer
[email protected]
+46 709 994 970
Jakob Liedberg, CEO Cinis Fertilizer
[email protected]
+46 768 58 12 86
About Cinis Fertilizer
Cinis Fertilizer is a Swedish green tech company aiming to produce the world’s most environmentally friendly mineral fertilizer, potassium sulphate (SOP), by recycling industrial waste products from the car battery manufacturing industry as well as the pulp & paper industry. The patent protected technology will use half as much energy as today’s production methods and the result is a fertilizer with a close to zero carbon footprint, a unique and circular contribution enabling sustainable agriculture. FNCA Sweden AB is Certified Adviser. For further information please visit: www.cinis-fertilizer.com.
